Insurance Claims Settlements - Castaneda Insurance Services, LLC

CLAIMS SETTLEMENT
Residential property policies also offer different methods of repairing or replacing your property:

• REPLACEMENT COST - pays for all necessary expenses associated with rebuilding or repairing damaged property, up to the policy limits, less any applicable deductible amount.
• ACTUAL CASH VALUE - factors in depreciation costs to your claim and pays you the costs to replace or repair the damaged property, less this depreciation and less any applicable deductible amount.

PLEASE NOTE: Most insurance companies that offer replacement cost will initially pay for the loss on an actual cash value basis. The company will pay any additional costs associated with the "replacement cost" once repairs have been made to the property, or the damaged property has been replaced.
Castaneda Insurance Services, LLC
PO Box 197
Helotes, TX 78023
O: 210-696-2723
F: 210-568-2129
cis.sanantonio@yahoo.com
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